Flat profits haven’t prevented equity markets from reaching new highs!

  • The disconnection between the real economy and global equity market performance continues to play out

  • Global EPS is currently just slightly above the levels seen back in 2008!

  • Investors have been willing to pay higher multiples!

John Galakis
John Galakis

Head of Research - - Senior Investment Strategist

Nicolas Skourias
Nicolas Skourias

Senior Economist and Market Analyst

Iniohos Advisory
25 January 2021
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